Item 29 - Fiscal Year 2022-2023 Annual Action Plan and Budgets for CDBG, HOME and ESG Programs

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FY 2022-2023 Annual Action Plan and Budgets for CDBG, HOME and ESG Programs April 19, 2022 Page 9 2 5 9 1 requirements pertaining to their legal status, organizational structure, and capacity and experience. The City’s HOME allocation for GY 2022, is expected to be $1,706,231. The proposed Annual Action Plan for the HOME Program consists of the GY allocation, program income and prior year HOME resources. The large carryover of prior year resources ($9,428,513) is due to the lengthy development process for affordable housing developments. While funds may be pre-committed for a project, they may not be fully committed and disbursed until certain requirements are met including underwriting, subsidy layering, and project assessment requirements. In this Annual Action Plan, funds are proposed for affordable housing development and rehabilitation. The funds for affordable housing development and rehabilitation include a pre-commitment of funds for two affordable housing projects in pre-development: $3,007,489 for the construction of 16 HOME-assisted units at the Crossroads at Washington project, and $2,003,705 for the construction of nine HOME-assisted units at the Westview House project, as already approved by the City Council. The remaining funds will be allocated through a Request for Proposals for Affordable Housing Development to be issued during FY 2022-2023. The budget below only includes those funds that are being budgeted for FY 2022-2023: The FY 2022-2023 HOME Program Funding Plan is not attached as an exhibit because the funding plan is described in the table above. Emergency Solutions Grant The Emergency Solutions Grants (ESG) program provides funds to assist sheltered and unsheltered homeless individuals, as well as those at risk of homelessness, to quickly regain stability in permanent housing after experiencing a housing crisis and/or homelessness. Recipients of ESG funding in Orange County include the following entitlement jurisdictions: County of Orange, City of Anaheim, City of Irvine, City of Santa Ana, and City of Garden Grove. Collectively, this group is referred to as the Orange County ESG Collaborative that was formed over five years ago. On November 7, 2019, three member cities of the Orange County ESG Collaborative released a combined ESG Request for Proposals (RFP) to support the Orange County Continuum of Care' s goal to end homelessness (the County of Orange and City of Irvine allocated their funding independent of the Collaborative this funding cycle). The Collaborative accepted 2022 HOME Program Budget General Activity Funding Amount HOME Program Administration $ 170,623 HOME CHDO Set-Aside $ 255,935 Affordable Housing Development and Rehabilitation $1,279,673 Prior Year Resources $9,428,513 TOTAL $11,134,744